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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » MoneyMarket account combined with Brokerage account !!

MoneyMarket account combined with Brokerage account !!

3 posters

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CubedSol

CubedSol
Manager - Equity Analytics
Manager - Equity Analytics

Dear Members ,

I was just having some free hours Razz and came up with this system , want your comments on this . bounce

During a period like we experienced a few weeks back , WHY cant we open up a money market account (NOT a FD or a CD) with a bank and deposit our cash there so that there's a SMALL but STEADY appreciation of the capital amount , while the markets recover... And whenever the markets show signs of recovery we can simply buy the positions we want to enter at the set price ranges , and settle the brokerage within the T+5 .

PS - Don't know if you guys were doing this earlier , But I wasn't I just had my cash lying in a BORING savings account Razz

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Cubes...i like they way u think..Very Happy..thats what alot of the funds do..to generate income when the market slows down..

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Smile..how about investing in GOLD,SILVER,etc

Anyone doing it yet..

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

SanjivFund wrote:Smile..how about investing in GOLD,SILVER,etc

Anyone doing it yet..


I think gold is better . But still we dont have a fomal commodity trading system here.

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